TIMOTHY ASHMAN - Corporate Board Profile

DSS, INC.

Filing Date	Source Excerpt
2004-11-17	Timothy Ashman was appointed to our Board of Directors and its Audit Committee on January 5, 2004. ... Mr. Ashman serves as Chairman of the Audit Committee. ... On September 24, 2004, the Board of Directors formed a Compensation and Management Resources Committee, members of which consist of Mr. Ashman and Mr. Harrison. Mr. Harrison serves as Chairman of the Compensation Committee. ... We also formed a Nominating and Corporate Governance Committee of the Board of Directors on September 24, 2004, consisting of Mr. Patrick White and Mr. Timothy Ashman and Mr. Robert Fagenson, of whom, Mr. Timothy Ashman and Mr. Fagenson are independent directors. Mr. Ashman serves as Chairman of the Nominating Committee.
2005-11-08	Timothy Ashman was appointed to our Board of Directors in January 2004. ... Mr. Ashman was employed by HSBC Bank USA, formerly Marine Midland Bank, from 1964 until his retirement as Vice President in 2001. ... The Audit Committee is comprised of Mr. Ashman and Mr. Harrison ... Mr. Ashman serves as Chairman of the Audit Committee ... Commencing in fiscal 2005, each independent director will receive $6,000 per year in compensation at the end of each fiscal year, so long as the Director attends at least 75% of the Board of Director meetings during such fiscal year.
2006-03-30	Timothy Ashman 63 Director Compensation of Directors Commencing in fiscal 2005, each independent director (as defined under Part 1, Section 121 of the American Stock Exchange Company Guide) receives $6,000 per year in compensation soon after the end of each fiscal year, so long as the Director attends at least 75% of the Board of Director meetings during such fiscal year, as well as reimbursement for travel expenses. Board of Directors and Committees The Board of Directors has determined that each of Messrs. Ashman, Fagenson, Greenstein and Harrison is an independent director (as defined under Part 1, Section 121 of the American Stock Exchange Company Guide). Audit Committee The Audit Committee is comprised of Mr. Ashman and Mr. Harrison. Mr. Ashman serves as Chairman of the Audit Committee.
2007-04-04	The Audit Committee is comprised of Mr. Ashman, Mr. Harrison and Mr. Greenstein, and is responsible for, among other things, the appointment, compensation, removal and oversight of the work of the Company’s independent registered public accounting firm... Mr. Ashman serves as Chairman of the Audit Committee and, as determined by our Board of Directors, qualifies as a “financial expert” as defined in Item 401 under Regulation S-B of the Securities Act of 1933. The Audit Committee held five meetings during fiscal 2006.
2008-04-03	Timothy Ashman was appointed to our Board of Directors in January 2004. Mr. Ashman was employed by HSBC Bank USA, formerly Marine Midland Bank, from 1964 until his retirement as Vice President in 2001. During his career in banking, he concentrated in branch banking administration, commercial lending, and municipal finance and government banking. Mr. Ashman is a graduate of the University of Rochester, with a B.A. in Business Administration, and is also a graduate of the Stonier School of Banking at Rutgers University. Since his retirement in 2001, he has been a consultant to Raymond Wager, CPA, P.C., a Rochester, New York firm that specializes in auditing school districts, municipalities, and foundations. The Audit Committee is comprised of Mr. Ashman, Mr. Harrison and Mr. Greenstein, and is responsible for, among other things, the appointment, compensation, removal and oversight of the work of the Company’s independent registered public accounting firm, overseeing the accounting and financial reporting process of the Company, and reviewing related person transactions. Each of the members of this Committee is an independent director (as defined under Part 1, Section 121 of the American Stock Exchange Company Guide). The Audit Committee operates under a written charter adopted by the Board of Directors, which can be found in the Corporate Governance section of our web site, www.documentsecurity.com, and is also available in print to any stockholder upon request to the Corporate Secretary. Mr. Ashman serves as Chairman of the Audit Committee and, as determined by our Board of Directors, qualifies as a “financial expert” as defined in Item 407 under Regulation S-K of the Securities Act of 1933.
2009-04-17	Timothy Ashman FeesEarned or Paid in Cash($): 12,000 Option Awards($): 22,140 Total($): 34,140 He serves on the Audit Committee and is Chairman of the Audit Committee.
2010-04-21	Each independent director (as defined under Part 1, Section 803of the American Stock Exchange Company Guide) receives $12,000 per year in compensation soon after the end of each fiscal year, so long as the Director attended at least 75% of the Board of Director meetings during such fiscal year, as well as reimbursement for travel expenses. Non-independent members of the Board of Directors do not receive cash compensation in any form, except for reimbursement of travel expenses. In order to attract and retain qualified persons to our board, in January 2004, we established a stock option plan for our non-executive board members. The plan provides for the granting of five-year options to purchase our stock at 100% of fair market value at the date of grant. Under the plan, each non-executive director receives options to acquire 5,000 shares upon becoming a board member and 5,000 shares at the beginning of each year thereafter while serving as a director plus an additional 1,000 shares for each year of service on the Board, up to a maximum of 10,000 shares per year. For joining the Board at a point partially within a year, the stock option award is pro rated. The following table shows 2009 compensation of our independent directors. Employee directors do not receive compensation for their service on the Board of Directors: Timothy Ashman 12,000 - 7,000 - 19,000 Robert B Fagenson 3,500 - 7,000 - 10,500 Ira A. Greenstein 12,000 - 7,000 - 19,000 Alan E. Harrison 12,000 - 7,000 - 19,000
2011-04-11	Timothy Ashman 12,000 - 9,500 - 21,500